- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My understanding is that the energy credit for leased solar panels goes to the leasing company and the customer is not eligible for the tax credit on their 1040. I have a tax client that is leasing a new furnace. Does the HVAC company also get the energy credit for furnace lease. The lease is a lease to own after 25 years of leasing.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I'm with Susan; I've never heard of leasing a furnace. It seems weird.
At any rate, I don't think anybody gets the credit. The "original use" is the HVAC company leasing it to the taxpayer, so I don't see how the taxpayer can get a credit. The HVAC company doesn't use the home as a Residence, so they don't get a credit either.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
HVAC companies in my area are now doing it. It is a 25 year lease to own, with the lease payments also covering maintenance. After 25 years of lease payments the homeowner owns the furnace.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
HVAC companies in my area are now doing it. It is a 25 year lease to own, with the lease payments also covering maintenance. After 25 years of lease payments the homeowner owns the furnace.
